Paxos Becomes “First” Issuer to Disclose “Full” Monthly Reserve Holdings Backing USDP, BUSD Stablecoins

Paxos, the regulated blockchain infrastructure platform, has disclosed the “specific” financial instruments backing its “regulated” stablecoins USDP and BUSD. Moving forward, Paxos will “provide these detailed disclosures on a monthly basis in addition to its attestations.